Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 35.81

+0.2%

Nov 25 3:59 PM EST

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To: Sonny McWilliams who wrote (15807)	1/8/1998 1:14:00 PM
From: TechnoWiz	Read Replies (1) of 27012

Hi Sonny and All: Sorry to have been out of touch for a while, but had computer problems and decided to focus all my efforts on the markets. I found it difficult to log on and off and trade at the same time so decided to trade! Had some good entries: Got long INTC at 68 and then 70.5. Did better with MSFT at 118 but got out too early - still got over half the move. My best trade this year was buying AAPL at 13. Even though it has pulled back a bit I think it should at least retest the 20 level. Also got long SGI under 12 but bailed out at thirteen waiting for retest of the recent lows and took a few points out of MICA. Here's my overall read of the market: It seems to me that the Market has been having a tendency to react to Asian developments early in the day and then seems to recover later in the day, a la yesterday. This could be construed as Bullish Activity - ie an early test of the lows. I am impressed so far with Naz behavior today but I am less happy about the way the S&P is behaving. However, we are once again tryin to hold the lows and if we recover more than half the losses, there is a very good chance we could end up going positive on the day. If so that would be an enormous boost for the market overall. I've gotta run just now I'll be back later Have a great day and a happy, healthy and highly prosperous 1998 to all. rgds Wiz

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